Crypto Currency News

Buenos Aires plans to allow the payment of taxes with crypto assets

It was announced by the head of the city government, Horacio Rodríguez Larreta

Horacio Rodríguez Larreta, head of government of Buenos Aires announced on Tuesday that the city will allow its citizens to pay some taxes with cryptocurrencies.

In a press conference via Zoom and later confirmed by a series of tweets, the head of government of the Argentine capital announced this initiative, which is part of a digitization drive that the city plans to carry out to expand access to official documents and government services: a digitization plan that has been baptized “Buenos Aires+” and that seeks to simplify the relationship between the city and its citizens.

According to the leader himself, “Buenos Aires+ seeks to streamline the link with citizens and the city and highlights the importance of blockchain for this digitization drive that seeks to automate 70% of procedures during its first year of implementation.”

Diego Fernández, secretary of Innovation and Digital Transformation, stated that “blockchain technology will give the government the possibility of making all its acts transparent and promoting citizen participation in a deeper way.”

This proposal is similar to the one presented by the government of Rio de Janeiro in March , which also announced that it will accept cryptocurrencies for the payment of some types of taxes starting next year.

The Government of the City of Buenos Aires insisted that one of the objectives of this project, which has an implementation date of 2023, is that “people have control of their information through an open system platform based on blockchain.”

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